Moody's Upgrades Pakistan's Sovereign Credit Rating to B3
Moody's Investors Service has upgraded Pakistan's sovereign credit rating to B3 from Caa1, citing easing external risks and improved economic stability, reflecting a more positive outlook for the country's financial health.
The Story
Analyzing sources…
Source Diversity
Source Diversity
High (50/100)Sources
Moody’s Upgrades Pakistan to B3 as External Risks Ease
Pakistan’s sovereign credit rating was upgraded by Moody’s rating as the country rebuilds its foreign exchange reserves and pushes ahead with economic reforms.
By Ruchi Bhatia
Read full article →Moody's lifts Pakistan sovereign rating to B3 from Caa1
Global ratings agency Moody’s lifted Pakistan’s sovereign rating to ‘B3’ from ‘Caa1’ on Monday, citing improvements in governance and easing external vulnerability risks. The agency maintained the country’s outlook at ‘stable’. The development comes only a month after S&P Global Ratings upgraded Pakistan’s long-term sovereign credit rating to ‘B’ from ‘B-’, citing an improving external position and gradual macroeconomic stabilisation, while also assigning a stable outlook. A country’s soverei...
By none@none.com (ReutersNews Desk)
Read full article →
